Featured Articles

Apple iPad Air 2 costs $275 to build

Apple iPad Air 2 costs $275 to build

IHS has told Recode that the Apple iPad Air 2 16GB Wifi costs only $275 to build -- not bad…

More...
LG sells 16.8 million smartphones in Q3 14

LG sells 16.8 million smartphones in Q3 14

As Samsung is losing market share, another Korean company, which many had written off, is gaining.

More...
LG G Watch R EU price set at €299

LG G Watch R EU price set at €299

LG G Watch R is probably the best looking Android Wear device on the market and many have been waiting for…

More...
Nvidia GTX 970 SLI tested

Nvidia GTX 970 SLI tested

Nvidia recently released two new graphics cards based on its latest Maxwell GPU architecture, with exceptional performance-per-watt. The Geforce GTX 970…

More...
Gainward GTX 970 Phantom previewed

Gainward GTX 970 Phantom previewed

Nvidia has released two new graphics cards based on its latest Maxwell GPU architecture. The Geforce GTX 970 and Geforce GTX…

More...
Frontpage Slideshow | Copyright © 2006-2010 orks, a business unit of Nuevvo Webware Ltd.
Tuesday, 24 June 2014 07:03

Is there money trouble at Crytek?

Written by David Stellmack

Denies that it is close to bankruptcy

We have heard from a number of sources including developers at Crytek that claim to be unpaid, that Crytek is apparently having some sort of money troubles and may in fact be on the verge of bankruptcy. Crytek has denied these claims that it is on the verge of bankruptcy.

There is no denying however that Ryse: Son of Rome cost a lot of money and the Xbox One exclusive has not done as well as Crytek hoped. With the news that developers have gone unpaid comes the reality that other developers are trying to perhaps poach key talent away from Crytek’s studios.

While Crytek has dismissed the reports of money problems, we have heard whispers that an influx of new money maybe pouring into the studio via a buy in from another source. We have heard that Wargaming may be one of the parties interested in buying into Crytek.

Things have been difficult for Crytek as they look to transition from a traditional development studio to a F2P developer. While they also will continue to license their CryEngine and do some contract development, the focus is clearly on the development of free-to-play titles with micro-transactions going forward. It has been a painful transition from all accounts.

Crytek has a number of titles in development. We are not sure what the future holds, but we are hopeful that they can resolve the issues at hand and continue to move forward.

blog comments powered by Disqus

 

Facebook activity

Latest Commented Articles

Recent Comments